Opinion
PEP ducks escrow as Energy Developments expects liquidity boost
Pacific Equity Partners has dodged an escrow period for its $650 million Energy Developments stake, but fund managers bought into Monday’s offer confident it would be difficult for the private equity firm to sell any more shares in the next six-months.
Pacific Equity Partners has dodged an escrow period for its $650 million Energy Developments stake, but fund managers bought into Monday’s offer confident it would be difficult for the private equity firm to sell any more shares in the next six months.
As revealed by afr.com on Friday, broker UBS launched a $100 million Energy Developments block trade for PEP on Monday morning, and topped it up with a $50 million fresh equity raising for the company.
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